British companies have begun to hire new staff in areas such as technology, legal, financial services, recruitment company Robert Walters said, indicating that the UK jobs market is returning to strength.
Although hiring remained “somewhat cautious” in Britain, and particularly London, some sectors were increasing their headcount, the business said.
Income from its UK division, which accounts for almost a third of its total fees, jumped 16pc to £100.9m in 2017.
This was partly driven by its fast-growing outsourcing business, Resource Solutions, which takes over companies’ recruitment processes. Robert Walters has recently won clients in the retail, mobile telecommunications, fintech and property management sectors, it said.
The more positive UK picture is in contrast with fellow recruitment firms Hays and Page Group, which have both recently reported slowdowns in their hiring activity in Britain. In January, Hays reported that hiring in the UK’s public sector had sunk 8pc in the last three months of 2017, although the private sector had been more positive. Page said it was facing challenging conditions as multinational clients worked out the implications of the UK’s exit from the European Union.
But Robert Walters, the company’s eponymous chief executive, said the UK economy was performing “quite well” and that people were more inclined to make a change.